India’s energy demand has been growing rapidly as a result of the industrial growth as well as the rise in household energy consumption. India ranks 6th in the world in terms of energy demand accounting for 3.5% of the total world commercial energy demand in 2001 (Planning Commission of India). Most of the energy requirements in India are being fulfilled by fossil fuels that further increase our dependency on imports. To overcome the issue of energy security, Government of India is supporting increasing involvement of renewable energy sources in the total energy mix.
As per the latest announcement, there are a number of financial incentives and subsidies by the Ministry of New & Renewable Energy (MNRE). These incentives and subsidies are applicable for a number of renewable energy products available in the market.
Details of the products with their average cost and subsidies are given below:
Name of the Product
Cost Range(in Rs.)
MNRE Subsidy(in Rs.)
Solar Water Heating Systems (2 Sq. Meters)
13,000 – 20,000
6000 – 6600
a)Box Type Solar Cooker
b)Dish Type Solar Cooker
c)Scheffler Dish Cooker
a)3,500 to 4,200
b)6,500 to 8,000
c)15,000 to 20,000
30% of the product cost (Maximum).In Special Category States
Shailesh is post graduate in Environment Management from Forest Research Institute (FRI) University, Dehradun, India. Presently he is working in the areas of Environmental and Renewable Energy Advisory Services. He has started GreenCleanGuide.com during his college days.